 | *past 24-hour performance |
| | Economy appears to be doing just fine: The Commerce Department reported US gross domestic product grew 4.9% in the third quarter, the fastest economic growth since 2021 (Axios)
Bitcoin futures are booming: Since launching its bitcoin futures product in 2017, The Chicago Mercantile Exchange (CME) has hit a record level of open interest in recent days, with 20,000 contracts, or effectively $3.4 billion in notional exposure (Axios) Good Meta: Theads, Meta’s competitor to Elon Musk’s X has hit “just under” 100 million monthly users since it was released in early July, CEO Mark Zuckerberg announced Wednesday during his company’s quarterly earnings call. (Verge)
Bad Meta: Shares in Meta Platforms (META) fell 3.7% after the company warned about weaker spending on advertisements outweighing forecast-beating sales and profits. (Barrons)
Amazon beats: Amazon’s (AMZN) profit tripled to nearly $10 billion from July to September due to strong sales in its cloud-computing, advertising and retail units. The company’s revenue increased by 13% to $143.1 billion for Q3, beating Wall Street expectations. Shares rose 3%. (WSJ)
Apple Watches banned: A US federal trade agency found that Apple (AAPL) violated the patent of Masimo (MASI) in a ruling that could lead to an import ban for models of the company’s smartwatch; Biden administration has 60 days to overrule the trade commission’s decision. (Reuters)
Offer to take giant Hollywood agency private: Private-equity giant Silver Lake said it is working on a proposal to take private Endeavor Group Holdings (EDR), the owner of talent agencies WME and IMG. (Deadline)
Deliveries shrink: UPS (UPS) cut its 2023 revenue forecast for the second straight quarter yesterday as delivery demand continued to soften ahead of the key holiday season; shares sank 5% to the lowest level in three years (Yahoo)
Song fund restructuring: Hipgnosis (HPGSF) – the company that spent $2 billion for song assets by Neil Young, the Red Hot Chili Peppers, etc – is facing an uncertain future as 80% of its investors voted for major structural changes and rejected a proposal to sell off $440 million of its 65k-song catalog. (Variety)
| | | | | First Disruption to Smartphones in 15 Years🤳 | | 📈 12,987+ Investor Pre-IPO Offering — “EarnPhone,” is the first disruption to smartphones in 15 years. Mode saw 150x revenue growth from 2019-2022, making them one of America’s fastest-growing companies. Claim Exclusive 70% Bonus: $0.16/Share* 🦄 | |
| |
| | |
| | Your ‘set it and forget it’ 401(k) made you rich. No more: Stock-and-bond portfolios that worked for the past 40 years aren’t ready for what’s coming. Read more » | The likelihood of a crash: A crash is not this random, exogenous thing that randomly happens. There are events that lead up to it. In this case, the war in Gaza, but also relentless dollar strength, interest rates ripping higher, and out-of-control government spending. Read more » |
|
| | Killings in the U.S. are dropping at a historic rate. Will anyone notice? (Los Angeles Times) Inside ICE’s Database for Finding ‘Derogatory’ Online Speech (404 Media) Sodium batteries offer an alternative to tricky lithium (Economist) This new data poisoning tool lets artists fight back against generative AI (MIT Technology Review)
| | Gold has officially outperformed the S&P 500 this year | | | | Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies. | We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors. | We are a small, self-funded team of real humans going up against the hype-filled, sensational news outlets in the world. You can check out a selection of our other publications below. | | Gold Playbook All your gold investing news in a single daily email. | | Subscribe |
| | CoinSnacks Digestible crypto news. | | Subscribe |
| |
|
